Affordable & Income-Based Housing in Florence

Affordability in Florence, SC

According to Census ACS 5-Year data (as of 2024), the median gross rent in Florence is $992 per month and the median household income is $56,143 per year, with 42% of residents renting their homes. These figures provide helpful context for comparing assisted housing options in the city.

Safety

According to FBI Crime Data Explorer, the Florence Police Department reported a violent crime rate of 817 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Florence

According to Walk Score, the area around assisted properties in Florence has a Walk Score of 47 (Car-Dependent) and a Bike Score of 43. No Transit Score is available for this area. Most errands and trips will likely require a car.

Schools

Florence is served by 22 public schools across 2 districts, including 13 elementary, 4 middle, and 5 high schools, according to NCES Common Core of Data. Quality and programs vary by school and district, so renters should look up the assigned schools for any specific address they are considering.

Cost of Renting in Florence, SC

The median household income in Florence is $56,143 per year, according to Census ACS 5-Year data. The median asking rent citywide is $992 per month, according to the same source.

Income-based and HUD-assisted housing in Florence is priced below market rate, with rents typically set as a percentage of a household's income or capped based on area median income limits. The 381 income-restricted units across 9 properties in the city provide options for renters who qualify.

• Median household income: $56,143/year (Census ACS 5-Year)
• Median market rent: $992/month (Census ACS 5-Year)
• Share of households that rent: 42% (Census ACS 5-Year)

Environment and Flood Risk

Of the 9 affordable housing properties mapped for flood exposure in Florence, 1 is in a high-risk flood zone and 8 are not. Flood risk is limited across most of the city's assisted housing inventory, but renters considering that one high-risk property should ask management about flood insurance requirements and any applicable flood disclosures.